Variety ·entertainment ·1 hour ago

Saudi Arabia's $150 Million Film Flops, Kingdom Pivots to Buying Hollywood Stakes

Saudi Arabia's $150 million film "Desert Warrior" grossed just $700,000 after its April release, exposing challenges to the kingdom's Hollywood ambitions launched in 2018. The Saudi sovereign wealth fund PIF is backing a $24 billion Paramount-Warner Bros. merger, potentially positioning the kingdom as a stakeholder in U.S. content creation.

Summary by Glance · Variety

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